Applied Materials Says Will Cut 6-9% of Its Workforce

Applied Materials, Inc.

today announced a plan to realign its global workforce and enhance its ability to invest for growth.  Applied will implement a voluntary retirement program and other workforce reduction actions that are expected to affect approximately 900 to 1,300 positions, or 6 to 9 percent of its global workforce.  "Achieving our strategic objectives requires us to deploy our talent in the best way possible," said Mike Splinter, chairman and CEO. "We are taking action to realign our worldwide organization and workforce while investing in key product development capabilities that will enhance our ability to grow."